Multiple Launch Rocket Systems (MLRS) Market report represents the revenue opportunities in the market through to 2022, highlights the market size and growth by technology, geography, type and size. The report outlines the evolution of the industry and identifies and assesses the best performing vendors in the market.
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Study on Multiple Launch Rocket Systems (MLRS) Market highlights key players such as Lockheed Martin Corporation, Roketsan, IMI Systems, Avibras Indústria Aeroespacial S .A., Norinco Group, NPO Splav, Hanwha Corporation, BAE Systems PLC, Tata Power Sed, Larsen & Toubro.
The multiple launch rocket systems market is projected to grow from an estimated USD 590.5 million in 2017 to USD 797.4 million in 2022, at a CAGR of 6.19% during the forecast period. The increase in spending on artillery upgrade programs i.e., increasing procurement and upgrade of MLRS systems is expected to drive the multiple launch rocket systems market for both MLRS and military systems manufacturers.
The increasing prominence of MLRS in military’s artillery is expected to drive the MLRS systems market mainly in Europe and Asia Pacific regions.
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The wheeled segment is estimated to dominate the MLRS market during the forecast period in North America
The wheeled segment in North America is expected to have the largest market share owing to the replacement of current fleet of M270 MLRS systems by high mobility, lightweight HIMARS systems. This could be attributed to the good cross-country mobility and speed provided by wheeled systems required for shoot & scoot operations.
Key Points From Table Of Content:
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
22.214.171.124 Key Data From Secondary Sources
2.1.2 Primary Data
126.96.36.199 Key Data From Primary Sources
188.8.131.52 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
3 Executive Summary
4 Premium Insights
4.1 Overview of the Multiple Launch Rocket Systems Market
4.2 Multiple Launch Rocket System, By Region
4.3 Multiple Launch Rocket System, By Range
4.4 Multiple Launch Rocket Systems Market, By Country
5 Market Overview
5.2 Market Dynamics
184.108.40.206 Growing Territorial Disputes
220.127.116.11 Artillery Modernization Programs
18.104.22.168 Replacement of Old Systems
5.2.3 Challenges22.214.171.124 Rocket Inaccuracy
5.3 Technology Trends
5.3.1 Positioning System-Aided MLRS
5.3.2 Improved Launcher Mechanical Systems
5.3.3 Improved Electronics in MLRS Launchers
6 Multiple Launch Rocket Systems Market, By Launch Vehicle, Caliber, Range and POD Capacity
6.2 By Launch Vehicle
6.3 By Caliber
6.4 By Range
6.5 By POD Capacity
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The multiple launch rocket systems market has been segmented by launch vehicle, caliber, range, pod capacity, and region. By launch vehicle, the market has been segmented into tracked and wheeled.
By caliber, the multiple launch rocket systems market has been segmented into 70-180 mm and 180-300mm caliber system. By range, the multiple launch rocket systems market has been segmented into 10 -100 km and 100-300 km.
By pod capacity, the MLRS has been segmented into up to 16 and 16 to 40.
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